Schmidt Steven Mark 4
Research Summary
AI-generated summary
SKYX Platforms President Steven Schmidt Withholds 5,930 Shares for Taxes
What Happened
- Steven Mark Schmidt, President of SKYX Platforms Corp. (SKYX), directed the company to withhold 5,930 shares to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The shares were withheld at $1.12 per share for a total value of $6,642. This was a withholding-for-taxes disposition (not an open-market sale).
Key Details
- Transaction date: 2026-03-31; Filing date: 2026-04-02 (filed within the typical two-business-day window).
- Price per share: $1.12; Shares withheld/disposed: 5,930; Total value: $6,642.
- Shares owned after transaction: Not specified in the provided filing.
- Relevant footnotes from the filing:
- F1: Reporting person elected to satisfy tax withholding by withholding shares issuable upon vesting of RSUs.
- F2–F5: Additional notes in the filing describe exercisability/vesting schedules for options, RSUs, and terms of a convertible preferred series (see filing for details).
Context
- This was a routine tax-withholding action (cashless/withheld shares) tied to RSU vesting and should not be conflated with an open-market sale indicating directional insider sentiment. For derivative transactions in this filing, footnotes explain vesting schedules and convertible preferred terms; read the filing for full detail.